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Business News: Deutsche Bank Must Regain 'Hunger for Business,' CEO Sewing Says

Deutsche Bank AG’s new Chief Executive Officer Christian Sewing said the lender needs to be faster at making decisions and clear out unnecessary bureaucracy as he set out his first goals as head of Germany’s largest lender.


Source:www.bloomberg.com


Posted: 2018-04-09 06:09:58

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In January, Bloomberg News reported Deutsche Bank planned to ... In a statement when he was appointed earlier in April, Sewing said that Deutsche Bank must regain its “hunger for business” to achieve its revenue targets this year.

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In January, Bloomberg News reported Deutsche Bank planned to ... In a statement when he was appointed earlier in April, Sewing said that Deutsche Bank must regain its “hunger for business” to achieve its revenue targets this year.

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Talking about Deutsche Bank’s recently declining revenues Sewing called upon his staff to “regain our hunger for business”, with renewed efforts to growth in both the business and infrastructure functions. Perhaps more importantly, he laid down the ...

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“Our start to the year was solid but ‘solid’ cannot be our ambition,” Sewing said in a letter to staff published Monday. “With regard to our revenues we have to regain our hunger for business.” The 47-year-old lifelong Deutsche Bank employee ...

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